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August 23, 2012 01:55 am GMT
More than four months after the deal was announced, the Federal Trade Commission has closed its investigation of Facebook's acquisition of Instagram and the deal may proceed. The final price will be $747 million, with $300 million in cash plus $447 million in stock based on 23 million shares of Facebook at today's $19.44 share price.The commission unanimously agreed to close the investigation with a 5-0 vote and the two companies will finally be able to start integrating.
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/_P5yedidxTY/
FTC Approves Facebooks Acquisition Of Instagram, Final Price Is $747 Million
More than four months after the deal was announced, the Federal Trade Commission has closed its investigation of Facebook's acquisition of Instagram and the deal may proceed. The final price will be $747 million, with $300 million in cash plus $447 million in stock based on 23 million shares of Facebook at today's $19.44 share price.The commission unanimously agreed to close the investigation with a 5-0 vote and the two companies will finally be able to start integrating.Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/_P5yedidxTY/
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